Indianapolis Colts Odds

Indianapolis Colts Odds, Bet Types, and Team History

The Colts are hoping they were a quarterback away from contending last season, moving from Carson Wentz to Matt Ryan during the offseason. The former NFL MVP will have two top playmakers around him in running back Jonathan Taylor and wide receiver Michael Pittman Jr.

Lasts season, the Colts' season ended embarrassingly. Indianapolis needed to simply beat the Jaguars in Week 18, and it'd be in the playoffs. In the biggest upset of the season, Jacksonville took care of business at home and sent the Colts home.

This will be Frank Reich’s fifth season with the Colts. He’s 37-28 through his first four and is yet to win the AFC South, finishing third three times. Reich is also 0-2 in the playoffs. 

Indianapolis Colts & Caesars

The Indianapolis Colts and Caesars officially reached a partnered on Sept. 16, 2021. As part of the agreement, Caesars Sportsbook Lounge will open at Lucas Oil Stadium. This will serve as an entertainment space open to fans 21 and older. Live odds will be showcased on LED screens in the stadium and Caesars ambassadors will be in attendance to help fans download the Caesars Sportsbook App and make wagers.

To learn more about Caesars Sportsbook, read our sportsbook review. The Caesars promo code is ACTIONRF, which you can claim here for a $1,001 first bet match.

Colts Team Rivals

The Colts' main rival in the AFC South is Tennessee Titans, who have won back-to-back AFC South titles under head coach Mike Vrabel. Like Indianapolis, though, the Titans have no playoff success to show for thei division wins.

The Houston Texans finished third at 4-13, while the Jacksonville Jaguars were 3-14, which was bad enough to get the first overall pick in the NFL Draft.

Betting on the Indianapolis Colts

Indianapolis Colts Point Spreads

Betting point spreads are wagers based on the expectation that a team will win or lose by a certain number of points. Despite reaching the NFL playoffs at 11-5, the Colts went 8-8 against the spread. Indianapolis’ 11 wins were by an average of 12.9 points and its five losses were by 10.6 points.

Here’s an example:

• Texans +3.5 (+110)
• Colts -3.5 (-110)

In this situation, the Texans are 3.5 point underdogs against the Colts. If Indianapolis wins the game by four or more points, a $100 wager on the Colts would come with a payout of $90.91. If Houston won the game outright or lost by three points or less, the same $100 wager would net $110 plus the original $100 for a total of $210.

FAQ: Everything you need to know about point spreads

Colts Over/Unders aka Colts Totals

Over/under, also called point total, is a wager placed on the combined scoring of a single game. Bookmakers come up with a number and you can either bet the over or — you guessed it — the under. Here’s how it works:

Let's say the Jaguars play the Colts and the over/under is set at 49 points. A wager on the over would require Jacksonville and Indianapolis to score 50 total points or more to win. Betting the under is an expectation that the two teams would score 48 or fewer points. It's also possible for the bet to push, which would happen if the game finished with exactly 49 points scored.

In 2020, Indianapolis averaged 28.2 points per game (9th in NFL) and allowed 22.6 points (10th in NFL). The Colts were one of the better teams when it came to point totals, going 9-7 against the over.

FAQ: Betting the point total, explained | What is a push?

Indianapolis Colts Moneylines

At 11-5, Indianapolis was a good play when betting a moneyline. For odds as straightforward as these, the Colts were one of the safer picks last year. Check out this example:

• Colts -130
• Titans +230

The minus (-) and plus (+) signs distinguish the favorite from the underdog, making Indianapolis the favorite in this scenario. Odds can be understood more clearly if you think in terms of $10 or $100 increments. A wager on the Colts odds would mean every $130 bet nets $100. And it's the opposite for underdogs: Here the Titans moneyline was set at +230, meaning a $100 wager would profit $230.

Moneylines are also commonly used when making parlays, which are multiple bets tied into one. Let’s say you bet the Colts moneyline and a -2.5 point spread, Indianapolis would need to win by three points or more for that bet to be successful. The risk is greater, but so is the reward with increased odds. Use our Odds Calculator to calculate any bet amount or conversion, and be sure to take advantage of new bettor upside like the BetMGM Bonus Code.

FAQ: How to bet on the moneyline | How to make a parlay

Colts Props

Player props are wagers on a single player, and they're tied to a single stat found in the box score for a game or even the whole season. These are among the most fun to bet on, especially if you're already playing fantasy football and like the player-specific focus it offers. Check out a hypothetical example below:

• Jonathan Taylor 2021 rushing yards: 1,250.5

FAQ: How prop betting works

Indianapolis Colts Futures

Futures are somewhat similar to prop bets in the way that both are monitored over the course of a season. Except most future bets are focused on end of season success. Examples of futures are:

• Indianapolis Colts odds to win the AFC South
• Indianapolis Colts odds to win the AFC
• Indianapolis Colts odds to win the Super Bowl
• Jonathan Taylor’s odds to lead the league in rushing
• Darius Leonard’s odds to win Defensive Player of the Year

If you’re confident that the Colts can win the AFC South or that Darius Leonard is going to win his first Defensive Player of the Year award , this is the place to be. For a full list of NFL futures, click or tap here.

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